financial

Thu
21
Nov
Dennis Faas's picture

Digital Wallets to Face Oversight Under New CFPB Rule

Silicon Valley tech giants and financial technology companies that collectively process over 13 billion financial transactions annually will now face enhanced government oversight. On Thursday, the U.S. Consumer Financial Protection Bureau (CFPB) ... finalized a new rule aimed at subjecting digital wallets and payment apps to the same scrutiny as traditional banks. This move is designed to safeguard consumer data, prevent fraud, and address unauthorized account closures. (Source: reuters.com ) Why the New Rule Matters Digital payment platforms like Apple Wallet, Google Pay, and Venmo have become ... (view more)

Tue
20
Aug
John Lister's picture

Google and Meta Accused of Teen Ad Targeting

Google staff have been accused of exploiting a loophole to target ads at children. The workaround reportedly broke company policy but not any existing laws. According to the Financial Times, the workaround was done in partnership with Meta, which ... wanted a way to advertise Instagram on YouTube and target 13 to 17 year olds. (Source: ft.com ) Normally that would be impossible under Google's rules for targeting, which don't let advertisers specify ages under 18 when selecting who does and doesn't see an ad. Known Unknowns However, the Financial Times claims Google staff not only knew Meta wanted ... (view more)

Fri
26
Nov
Dennis Faas's picture

How Thieves Use The Dark Web to Steal Your Data

We live in the age of technology where every day is full of advancements that make our lives easier. At what cost, though? Our Internet security is constantly under fire by hackers and cyber criminals using these technological advances to their ... gain. Through the dark web, a virtual underworld full of criminal activity that can be accessed using specific tools, such activity is made possible. However, many people aren't sure what the dark web actually is. According to Business Insider, it's "defined as all content hosted on darknets, or online networks that require a specific browsing software ... (view more)

Wed
20
Oct
Dennis Faas's picture

Crimeware

Crimeware is a class of malware designed specifically to automate cybercrime. The term was coined by Peter Cassidy, Secretary General of the Anti- Phishing Working Group to distinguish it from other kinds of malevolent programs. Crimeware: ... Definition Crimeware is a form of malicious software. It is distinct from spyware, adware, and malware. Crimeware is designed through social engineering or technical stealth to perpetrate identity theft. Once an identity is stolen, it is used to access a computer user's online accounts at financial services companies and online retailers for the purpose of ... (view more)

Thu
29
Jul
Dennis Faas's picture

Microsoft to Answer For Big Mistakes at Annual FAM

Microsoft Corporation will face tough questions today at the annual Financial Analysts Meeting (FAM), where it's expected the software giant will have to answer for some troubling financial numbers. Topping the list of questions: a struggling ... Internet business, mobile-phone troubles, and where the company sees its future in a constantly-changing PC market. Microsoft shares have dipped significantly this year, down about 15 per cent over the same period in 2009 and just recently emerging from a 52-week low. That's prompted questions amongst financial analysts about how the company is ... (view more)

Fri
04
Apr
Dennis Faas's picture

8.3 Million Personal Records Compromised?

The Washington Post reports that at least 8.3 million personal and financial records of consumers were potentially compromised by data spills or breaches at businesses, universities and government agencies in the first quarter of 2008, according to ... a report released from the Identity Theft Resource Center. The Identity Theft Resource Center ( ITRC ), based in San Diego tracked public reports of 167 data breaches in the first three months of 2008. 448 data breaches were recorded in 2007 by the ITRC. Detailed breakdowns from the first quarter of 2008 are available from the ITRC here (PDF) and ... (view more)

Wed
15
Oct
Dennis Faas's picture

Eazy Backup Review

According to a recent IDC report , "more than 300 million business PCs have a combined 109,000 terabytes of data that is not backed up regularly -- which is about half of all the data on corporate PCs and laptops." That's 10 times the quantity of ... information in the entire Library of Congress! Unfortunately, I know first hand what it's like to lose important data. I never used a backup application until I had a hard drive containing hundreds of hours of writing, music, and video which all vanished in a blink of an eye. If it can happen to an "expert" computer user like me ... (view more)

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